New Schedules for 5500

[Guest CGBS]

Does anyone understand all the DFE stuff for plans with Pooled Separate Accounts? Do you complete a line item for each investment? I keep reading the instructions but can't get a grip! Thanks for any help.

I haven't seen anything come though about what the Insurance Companies are doing for 1999. Have you?

[Guest mspencer]

Schedule D strikes fear in my heart. Hopefully, the CCT's, PSA's etc. will file directly so that we don't have to lose our minds figuring out the underlying assets.

I did notice in the general instructions, page 1, that there is a transition rule for 1999 that allows plans participating in CCTs or PSAs that aren't DFEs to defer the underlying assets reporting requirement until plan years beginning in 2000.

[Guest ak]

You complete a line item for each class of investments. For example, if a pooled separate account had a 50/50 split between stocks and bonds, you would put 50% of your interest in each applicable line item on Sch. H (i.e., the stock and bond line items). I don't remember if there are further breakouts in those line items (e.g., preferred/common). Each insurance company will probably handle the DFE issue differently depending on what is most efficient for them.